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I am currently stuck on the treasury note answer section , please see the picture. Will give thumbs-up once it is answered correctly. THANKS! Consider
I am currently stuck on the treasury note answer section, please see the picture. Will give thumbs-up once it is answered correctly. THANKS!
Consider the following three bond quotes: a Treasury bond quoted at 104.625, a corporate bond quoted at 96.85, and a municipal bond quoted at 101.25. If the Treasury and corporate bonds have a par value of $1,000 and the municipal bond has a par value of $5,000, what is the price of these three bonds in dollars? (Do not round intermediate calculations and round your final answers to 2 decimal places.) Answer is complete but not entirely correctStep by Step Solution
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